Cost of Living Comparison Between United States and Iceland Reverse

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Indices DifferenceInfo
Cost of Living in Iceland is 36.6% higher than in United States (without rent)
Cost of Living Including Rent in Iceland is 28.6% higher than in United States
Rent Prices in Iceland are 12.6% higher than in United States
Restaurant Prices in Iceland are 44.8% higher than in United States
Groceries Prices in Iceland are 34.0% higher than in United States
Local Purchasing Power in Iceland is 24.2% lower than in United States
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 United States Edit Iceland Edit Difference
Meal, Inexpensive Restaurant 20.00 $
(2,630.60 kr)		 22.81 $
(3,000.00 kr)		      +14.0 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 $
(9,864.75 kr)		 136.85 $
(18,000.00 kr)		      +82.5 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.00 $
(1,446.83 kr)		 19.01 $
(2,500.00 kr)		      +72.8 %
Domestic Beer (1 pint draught) 6.00 $
(789.18 kr)		 11.40 $
(1,500.00 kr)		      +90.1 %
Imported Beer (12 oz small bottle) 7.00 $
(920.71 kr)		 9.88 $
(1,300.00 kr)		      +41.2 %
Cappuccino (regular) 5.22 $
(686.79 kr)		 5.70 $
(749.67 kr)		      +9.2 %
Coke/Pepsi (12 oz small bottle) 2.55 $
(335.88 kr)		 3.17 $
(416.88 kr)		      +24.1 %
Water (12 oz small bottle) 2.08 $
(273.68 kr)		 2.51 $
(330.56 kr)		      +20.8 %
Markets
 United States Edit Iceland Edit
Milk (regular), (1 gallon) 4.00 $
(525.91 kr)		 6.67 $
(876.70 kr)		      +66.7 %
Loaf of Fresh White Bread (1 lb) 3.29 $
(433.01 kr)		 3.51 $
(461.85 kr)		      +6.7 %
Rice (white), (1 lb) 2.08 $
(273.94 kr)		 1.50 $
(197.27 kr)		      -28.0 %
Eggs (regular) (12) 4.16 $
(546.58 kr)		 6.13 $
(806.59 kr)		      +47.6 %
Local Cheese (1 lb) 5.88 $
(773.36 kr)		 7.73 $
(1,016.48 kr)		      +31.4 %
Chicken Fillets (1 lb) 5.51 $
(725.14 kr)		 10.10 $
(1,328.49 kr)		      +83.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.36 $
(968.35 kr)		 18.12 $
(2,382.84 kr)		      +146.1 %
Apples (1 lb) 2.39 $
(314.71 kr)		 1.32 $
(174.20 kr)		      -44.6 %
Banana (1 lb) 0.76 $
(100.00 kr)		 1.06 $
(139.94 kr)		      +39.9 %
Oranges (1 lb) 2.04 $
(267.83 kr)		 1.25 $
(164.96 kr)		      -38.4 %
Tomato (1 lb) 2.23 $
(292.86 kr)		 2.24 $
(294.68 kr)		      +0.6 %
Potato (1 lb) 1.33 $
(174.66 kr)		 1.56 $
(205.46 kr)		      +17.6 %
Onion (1 lb) 1.39 $
(183.38 kr)		 0.96 $
(126.38 kr)		      -31.1 %
Lettuce (1 head) 2.20 $
(289.75 kr)		 3.23 $
(424.75 kr)		      +46.6 %
Water (1.5 liter bottle) 2.22 $
(292.47 kr)		 2.23 $
(293.00 kr)		      +0.2 %
Bottle of Wine (Mid-Range) 15.00 $
(1,972.95 kr)		 22.81 $
(3,000.00 kr)		      +52.1 %
Domestic Beer (0.5 liter bottle) 1.94 $
(255.36 kr)		 3.49 $
(459.45 kr)		      +79.9 %
Imported Beer (12 oz small bottle) 3.59 $
(471.95 kr)		 2.91 $
(383.18 kr)		      -18.8 %
Cigarettes 20 Pack (Marlboro) 10.00 $
(1,315.30 kr)		 13.11 $
(1,725.00 kr)		      +31.1 %
Transportation
 United States Edit Iceland Edit
One-way Ticket (Local Transport) 2.50 $
(328.83 kr)		 4.87 $
(640.00 kr)		      +94.6 %
Monthly Pass (Regular Price) 65.00 $
(8,549.45 kr)		 79.07 $
(10,400.00 kr)		      +21.6 %
Taxi Start (Normal Tariff) 3.75 $
(493.24 kr)		 6.01 $
(790.00 kr)		      +60.2 %
Taxi 1 mile (Normal Tariff) 2.80 $
(368.28 kr)		 3.96 $
(521.43 kr)		      +41.6 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(3,945.90 kr)		 80.74 $
(10,620.00 kr)		      +169.1 %
Gasoline (1 gallon) 3.51 $
(462.28 kr)		 8.99 $
(1,182.00 kr)		      +155.7 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $
(3,945,900.00 kr)		 44,780.66 $
(5,890,000.00 kr)		      +49.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,963.01 $
(3,414,914.15 kr)		 50,685.52 $
(6,666,666.67 kr)		      +95.2 %
Utilities (Monthly)
 United States Edit Iceland Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 207.91 $
(27,346.47 kr)		 83.06 $
(10,924.64 kr)		      -60.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.20 $
(7,523.27 kr)		 26.06 $
(3,427.78 kr)		      -54.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 71.50 $
(9,404.18 kr)		 78.03 $
(10,263.65 kr)		      +9.1 %
Sports And Leisure
 United States Edit Iceland Edit
Fitness Club, Monthly Fee for 1 Adult 46.57 $
(6,125.34 kr)		 76.05 $
(10,002.92 kr)		      +63.3 %
Tennis Court Rent (1 Hour on Weekend) 21.84 $
(2,873.12 kr)		 40.08 $
(5,271.43 kr)		      +83.5 %
Cinema, International Release, 1 Seat 14.09 $
(1,853.92 kr)		 16.65 $
(2,190.00 kr)		      +18.1 %
Childcare
 United States Edit Iceland Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,375.88 $
(180,969.91 kr)		 322.93 $
(42,475.25 kr)		      -76.5 %
International Primary School, Yearly for 1 Child 22,628.80 $
(2,976,365.82 kr)		 28,467.23 $
(3,744,295.00 kr)		      +25.8 %
Clothing And Shoes
 United States Edit Iceland Edit
1 Pair of Jeans (Levis 501 Or Similar) 52.03 $
(6,843.04 kr)		 135.17 $
(17,778.42 kr)		      +159.8 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.61 $
(5,604.00 kr)		 59.54 $
(7,831.11 kr)		      +39.7 %
1 Pair of Nike Running Shoes (Mid-Range) 89.49 $
(11,770.27 kr)		 167.59 $
(22,042.86 kr)		      +87.3 %
1 Pair of Men Leather Business Shoes 113.21 $
(14,890.11 kr)		 237.47 $
(31,233.82 kr)		      +109.8 %
Rent Per Month
 United States Edit Iceland Edit
Apartment (1 bedroom) in City Centre 1,745.26 $
(229,553.43 kr)		 2,108.20 $
(277,291.67 kr)		      +20.8 %
Apartment (1 bedroom) Outside of Centre 1,438.70 $
(189,232.04 kr)		 1,895.46 $
(249,310.34 kr)		      +31.7 %
Apartment (3 bedrooms) in City Centre 2,912.04 $
(383,020.73 kr)		 2,995.22 $
(393,961.54 kr)		      +2.9 %
Apartment (3 bedrooms) Outside of Centre 2,400.26 $
(315,705.87 kr)		 2,570.32 $
(338,074.07 kr)		      +7.1 %
Buy Apartment Price
 United States Edit Iceland Edit
Price per Square Feet to Buy Apartment in City Centre 301.03 $
(39,595.06 kr)		 650.93 $
(85,617.11 kr)		      +116.2 %
Price per Square Feet to Buy Apartment Outside of Centre 252.05 $
(33,152.53 kr)		 551.39 $
(72,524.16 kr)		      +118.8 %
Salaries And Financing
 United States Edit Iceland Edit
Average Monthly Net Salary (After Tax) 4,337.84 $
(570,555.55 kr)		 4,227.86 $
(556,090.69 kr)		      -2.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 9.72      +47.8 %
Last update: March 2025March 2025
Contributors in the past 12 months:10383142
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